Coin Bureau|Jul 16, 2026 03:10
⚠️ALERT: ARBITRUM RWA PROTOCOL OSTIUM EXPLOITED FOR $24 MILLION
Ostium, an RWA perpetual trading protocol on Arbitrum, was exploited for $23.75 million after an attacker used compromised oracle permissions to fabricate profitable trades and drain the protocol’s liquidity vault, per blockaid.
The attacker converted the stolen funds into 12,084 ETH and funneled most of it through Tornado Cash.
Ostium has paused all trading and launched an investigation alongside law enforcement and cybersecurity firms.(Coin Bureau)
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